Wrigley Gum Has 60% Of Market Share In China

Asian Times.com ^ | August 14, 2005 | Todd Crowell

[WmShirerAdmirer]

Almost unnoticed at home, Chicago-based Wm Wrigley Jr Co, the world's largest maker and marketer of chewing gum, has quietly built a dominating presence in the Chinese market. With a 60% market share and a jaw-dropping one million sales outlets, Wrigley may have come closer than any other US company to actually realizing the China dreams of American business. - Todd Crowell

[horse_doc]

How can you have Doublemint Twins in a one-child-per-family country????

Siamese?

[drpix]

Are we sure these aren't foreign subsidiaries sheltered from US taxes?
I hope the next article on "Chicago-based" Wrigley in the Asian-Times will tell us how much corporate income tax it pays or writes off on its worldwide income - rather than touting a foreign market share that could well be meaningless to the US economy.

[1rudeboy]

Are we sure these aren't foreign subsidiaries sheltered from US taxes?

Actually, yes. I suspect you are not as familiar with U.S. tax law as I. The best these U.S. (not "foreign," per se) subsidiaries can do is receive a tax credit on some or all of the portion of the taxes they pay to the local jurisdiction.

[1rudeboy]

I feel better now - we are sending our entire manufacturing and technology base to china. but we've got their chewing gum market cornered.

Now that you mention it, GM has 10.9% market share in China, the largest of any automaker.
GM's China market share exceeds VW's

[paulat]

How can you have Doublemint Twins in a one-child-per-family country????

Siamese?

LOLOLOL!!!!!

[LowCountryJoe]

Could it also be that domestic residing stakeholders amass wealth through the profits from this endeavor? I know, I know...they're anti-American so it doesn't count, right? They've also exported vital gum making technology that will strategically backfire.

[LowCountryJoe]

Standard of living is much worse, isn't it. So is the unemployment rate, right?